December 3, 2012 / 2:22 PM / in 5 years

Wall St pares gains after data

Traders work on the floor of the New York Stock Exchange in New York, November 30, 2012. REUTERS/Keith Bedford

NEW YORK (Reuters) - U.S. stocks pared gains and the Dow turned negative after data showed the U.S. manufacturing sector contracted in November, dropping to its lowest level since July 2009.

The Dow Jones industrial average dropped 8.59 points, or 0.07 percent, to 13,016.99. The Standard & Poor’s 500 Index gained 0.63 points, or 0.04 percent, to 1,416.81. The Nasdaq Composite Index added 5.61 points, or 0.19 percent, to 3,015.85.

Reporting by Chuck Mikolajczak

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